CryptoQuant analyst ShayanMarkets has noted a decline in the 30-day moving average of Bitcoin miners transferring tokens to exchanges, suggesting a reduction in distribution and potential accumulation of BTC. This development aligns with Bitcoin's recent surge above $115,000, indicating bullish sentiment among miners.
The analysis highlights that the combination of technical structural changes and miner accumulation supports a positive market outlook for Bitcoin. Maintaining a price above $112,000 is crucial for Bitcoin to sustain its momentum and potentially challenge historical highs.
Bitcoin Miners Reduce Distribution, Signal Potential Accumulation
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